Summary by Moomoo AI
Citic Telecom announced its business performance for the first half of 2024, with a total revenue of HKD 4.889 billion, a year-on-year decrease of 8.2%, and a net profit attributable to shareholders of HKD 0.455 billion, down 36.9%. Basic earnings per share were 12.3 HK cents, with an interim dividend of 6.0 HK cents per share, unchanged from the same period last year. Faced with changes in the external environment, the company actively promoted digital transformation. The revenue from mobile communication services increased by 11.6% year-on-year, internet business revenue increased by 4.5%, and enterprise business revenue increased by 6.8%. CTM launched commercial 5.5G services and expanded its business coverage in multiple regions globally. The group will continue to drive innovation, respond to global economic challenges, and expand into new markets.
